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With a view to increasing oil and gas reserve and discovering new fields to meet domesticdemand and export, Petrovietnam has been carrying out effective exploration and production of oil and gas both at home and abroad through PSC, JOC, JOA, BCC contracts, self-investment and self-management in exploration, making important petroleum discoveries, quickly bringing the discovered fields into production phase with the application of state-of-the-art technologies to increase production as well as oil and gas recovery rate, thus protecting the environment and natural resources.

According to the Vietnam National Coal – Mineral Industries Group (Vinacomin), the Council for appraisal of the mineral exploration project of the Ministry of Natural Resources and Environment (MONRE) has finished evaluating and unanimously granted approval to the 6 coal exploration projects that invested by Vinacomin.

At 7.00 on December 10, 2018, Petrovietnam (PVN) completed the 2018 crude oil exploitation plan with a production of 11.314 million tons.

On June 6th, at the International Exhibition Center "Crocus Expo" in Moscow, Russian Federation, the chairmen, chief executive offices (CEO) of energy sectors and politicians from many countries attended the first plenary session of the 21th world Petroleum Conference, that is expected to last for 5 days.